Which is the most appropriate financial statement to use to determine if a compa

Question

Which is the most appropriate financial statement to use to determine if a company obtained financing during a year by issuing debt or equity securities? A. Income statement. B. Statement of changes in equity. C. Balance sheet. D. Statement of cash flows. Which is the most appropriate financial statement to use to determine if a company obtained financing during a year by issuing debt or equity securities? A. Income statement. B. Statement of changes in equity. C. Balance sheet. D. Statement of cash flows.

Explanation / Answer

The most appropriate financial statement to used to determine if a company obtained financing during a year by issuing debt or equity securities is:

D. Statement of cash flows.

In financing section of Statement of cashflows, the inflow and outflow relating to financing is recorded with the amount and source and thus this is the best financial statement component to determine if a company obtained financing during a year by issuing debt or equity securities.

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